The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1887-04-26
FOREIGN,

LONDON, April 25.-In the House of Com
mons this afternoon Mr.. Gladstone contened
that the main proposals of the budget were
at variance with sound financial principles.
Regarding the income .sx the reduction of a
penny per pound wonld doubtless be a Pc
culiar boom. At the same time the proposal
was against s.sound financial principles be-
cause such reduction should arise from a
rigid system Of public economy. not at the
expense of the sinking fund. The House
had been asked to reduce the fund from $685.
000,0 to $25,000,600. A serious reflection
could not warrant a proceeding so opposed
to traditions, 80 contrary to the interest Of
the British nation. 1t was the first time a
proposal of this nature mad been -ade in the
history eff the country, and it was>sa2de
when the country was becoming richer than
ever before.
Lord Randolph Churchill praised the
'weighty remarks of Mr.. Gladstone, speak
ing as true friend of the government he
must condemn the policy Of making grants
in aid of local taxation. Regarding the APP
preparation Of the sinking fund he could add
nothing to what had been said by Mr.. Glad
stone, in whose criticisms of the budget he
fully concurred. He quoted from speeches
ma made by Goschen in 1885 IN support Of Mr.
Gladstone's financial policy. He trusted
Goschen would assent to reconsider the ac-
ti0n of his proposals amending them on
bssis of a wiser finance.
Mr.. Goschen said that he felt that the on
slaught made on him by the great veteran of
financial orthodoxy, and the latest brilliant
recruit of the financial corps required a
prompt reply. First, as to local loans, he
promised to consider the objection to the is
suing of a new stock for loans with a refer
ence to tobacco duties. He defended the re-
duction of the duty ON the ground that the
ha fof
having lacked consumption, while it failed
in being anticipated revenue. He was conf
dent that in few years the loss arising
from the current years reduction would be
recovered Gladstone had attacked the pro-
posals to reduce the income tax,
sinking fund as against the recognized
principles of finance. He (Goschen) could
see no force in this general charge. In TAX
ing penny off the income tax the govern
ment would benefit the class upon whom
there was much pecuniary pressure. He ad-
vocated all his former views as to the desir-
ability of reducing the national debt, but he
contended that his present proposal to re-
lleve the taxpayers and maintain the strength
of the army and navy were more real econ
Foreign Notes.
Last week 1880 persons embarked at Liv-
erpool for New York.
OH w lllldul NtTuOu udIcOuIL WTlLeS udLly
denying the statement that the alleged Par
nell letter published by the London Times
was intercepted in the post Office when he
was home secretary.
The discussion of the Irish land bill in the
committee in the English House of Lords
will begin May u.
The latest from the Stanley expedition is
to the effect that all the party were well.
The Ghilseas have defeated the troops of
the Ameer of Afghanistan and killed 100 Of
them at Baboo castle near Khelat
The Volka Zeitung of Berlin brought ac-
tion for libel against Prince BismaIck on ac-
count of an attack upon that paper made by
the chancellor in speech in the Reichstag.
The court has just decided that it has no jur-
isdiction in the matter as the Prince, being a
General, is only amenable to military tri-
bunal.
Rumors are current in Vienna Of plots to
destroy the opera house and factories at
Pesth.
Copies of the Vie Parisienne have been
confcated at Berlin on account of an article
ridiculing the German imperial family.